Money flowing out of BTC into Altcoins - page 5.

btc78

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Eloncoin.org - Mars, here we come!

Quote from: Cointalk83 on May 06, 2021, 02:59:47 PM

I'm just wondering whether BTC has hit it's peak for this cycle. It's been trading sidesways 55k-60k for the last 2 months
while altcoins have rallied. From historical perspective, for those were in it in 2017, did bitcoin ever regain it's dominance after
altcoin season began. I guess what i'm asking is whether I should liquidate my bitcoin position and chase altcoins or whether
there is more room for BTC to go this year.

It is a normal scenario mate when whales of all kinds are wanting to bag funds , they will try to manipulate some altcoins to lure small investors and when they got enough value then they will dump so be careful on what you are entering inc rypto.

Quote from: ?? on ??

I think bitcoin is very good to hold in the long run, because bitcoin can be mined out and of course the price will potentially be very high, but on the other hand people won't wait too long for that to happen, so they prefer altcoins which has a much faster movement

If you know how the market moves. then that's what you'll do. Holding will prevent manipulator wo make a big action because there is no panicking that will happen and the market will be shaken a little only.

soul-impact

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Quote from: Cointalk83 on May 06, 2021, 02:59:47 PM

I'm just wondering whether BTC has hit it's peak for this cycle. It's been trading sidesways 55k-60k for the last 2 months
while altcoins have rallied. From historical perspective, for those were in it in 2017, did bitcoin ever regain it's dominance after
altcoin season began. I guess what i'm asking is whether I should liquidate my bitcoin position and chase altcoins or whether
there is more room for BTC to go this year.

In my district, bitcoin is still the best. You should keep bitcoin, it will increase the price continues. Try to set up capital to invest altcoins instead of selling off bitcoins
You know, bitcoin is still the king of the word market and no currency has been able to replace it yet. Altcoins can give you quick profits, but bitcoin is long-term.

akirasendo17

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for traders, it's normal to switch coins to make a profit, if you won't do that it might result in losses since cryptocurrency is volatile, if you will just stay to a single coin for the rest of the bull run that might be a good idea because you might not get any profit at all, which means at the end of the season, your holdings is smaller than before since you never explore any coins with probability to go up.

Pamadar

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Quote from: motun01 on May 11, 2021, 06:38:07 PM

This is the first time in a long while that we will see BTC dominance drop below 50% and that can be attributed to the bullish market and the opportunities that people see exist in altcoins, however a lot of the altcoins doing big returns on investment right now will equally dump harder when the bear market starts so it is wise to keep a good amount of BTC as a part of your portfolio
That way you will have a stronger cryptocurrency that is always going to bounce back from any dips in price

And that should be anticipated by those investors who are now risking their money inside alts market,

If you have that skills and knowledge to properly analyze the situations you can simply adjust from Bitcoin to alts then switch back
when you already rinse and satisfied with your profits, never to get greedy and be stuck after, Crypto always have twist and surprises
better to play safe to lessen your chances of getting caught in between.

oscarftw

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Quote from: HyunBin on May 11, 2021, 08:08:47 PM

Seeing that bitcoin price goes sideways and more money flowing in altcoins is an indicator that we are really in the altcoin season. Also, another factor for us to say that we are in the alt season is the bitcoin dominance which dropped already in less than 50%.

It's been a long time since Bitcoin dominated below 50 percent and today almost 42 percent. Bitcoin will definitely dominate for a short time in the future. As OP mentioned, Bitcoin price is fixed at 55k-59k USD when the coinmarketcap is continuously breaking the last ATH. Today 2.57 trillion was the highest record. One thing is clear that money doesn't flow out of Bitcoin.

cabron

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https://www.betcoin.ag

Quote from: HyunBin on May 11, 2021, 08:08:47 PM

Quote from: Cointalk83 on May 06, 2021, 02:59:47 PM

I'm just wondering whether BTC has hit it's peak for this cycle. It's been trading sidesways 55k-60k for the last 2 months
while altcoins have rallied. From historical perspective, for those were in it in 2017, did bitcoin ever regain it's dominance after
altcoin season began. I guess what i'm asking is whether I should liquidate my bitcoin position and chase altcoins or whether
there is more room for BTC to go this year.

Seeing that bitcoin price goes sideways and more money flowing in altcoins is an indicator that we are really in the altcoin season. Also, another factor for us to say that we are in the alt season is the bitcoin dominance which dropped already in less than 50%.

That could be true. BTC is almost dormant for awhile even when there are many news regarding banks and celebrities having red laser eyes these days.
We now can see a significant rise of altcoins doubling their price since last month. YFI is the most profitable today as it reaches up to $88k. There are coins getting nuts however because I don't see any reason why some shitcoins are also appearing like there are traders investing in it.

HyunBin

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SURVIVE | P2E

Quote from: Cointalk83 on May 06, 2021, 02:59:47 PM

I'm just wondering whether BTC has hit it's peak for this cycle. It's been trading sidesways 55k-60k for the last 2 months
while altcoins have rallied. From historical perspective, for those were in it in 2017, did bitcoin ever regain it's dominance after
altcoin season began. I guess what i'm asking is whether I should liquidate my bitcoin position and chase altcoins or whether
there is more room for BTC to go this year.

Seeing that bitcoin price goes sideways and more money flowing in altcoins is an indicator that we are really in the altcoin season. Also, another factor for us to say that we are in the alt season is the bitcoin dominance which dropped already in less than 50%.

motun01

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This is the first time in a long while that we will see BTC dominance drop below 50% and that can be attributed to the bullish market and the opportunities that people see exist in altcoins, however a lot of the altcoins doing big returns on investment right now will equally dump harder when the bear market starts so it is wise to keep a good amount of BTC as a part of your portfolio
That way you will have a stronger cryptocurrency that is always going to bounce back from any dips in price

Dump3er

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Quote from: perfect999 on May 11, 2021, 04:36:10 PM

Quote from: tvplus006 on May 11, 2021, 02:09:22 PM

Quote from: virtualdn on May 11, 2021, 01:18:31 PM

When the shitcoin season ends all money will flow back into BTC, where they belong. Don't be tempted by fast huge gains because the risks are very high.

HODL because this year your gains in BTC will be huge! Hitting the $100K and beyond, the BTC holders are the smartest, to the Moon!

By buying altcoins with BTC, you can increase the amount of bitcoin in your wallet. I believe that I have very successfully exchanged my BTC for ETH, and now if I sell ethereum, I will get almost 3 times more BTC than it was before. But it is still too early to do this, while the altcoin season continues.

Honestly that is the reason why people are moving to altcoins and selling their bitcoins as well, most people at least. The reality is that bitcoin will not go 10x again, that is not possible from here, that would be over half a million dollars per bitcoin and let's be honest we are not going to reach that anytime soon, I am not saying that bitcoin won't go up, who knows maybe it will be 100k, or even 200k, that would be super high increase, but we all know that during the same period there are altcoins that could increase 10x even higher so that is why people prefer that instead.

It is going to take some time for people to realize the steadier big increase is always in bitcoin and altcoins go up and down a lot more volatile and it is risky, but since we are in a bull market everyone prefers that super high quick profit over what bitcoin can provide.

If the sell off for Bitcoin was as big as it is discussed here doubt it be sitting in the stable price range where it is now. If it plunged 1/5th ok then we can discuss a sell off, but right now the storm just calmed down a little and investors do their analysis in order to make the right calls during the next weeks and months.

When a coin goes hyperbolic it is only comprehensible that everyone calms down and reassess former thoughts and observations. It doesn't promptly go hand in hand with a sell off.

perfect999

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Quote from: tvplus006 on May 11, 2021, 02:09:22 PM

Quote from: virtualdn on May 11, 2021, 01:18:31 PM

When the shitcoin season ends all money will flow back into BTC, where they belong. Don't be tempted by fast huge gains because the risks are very high.

HODL because this year your gains in BTC will be huge! Hitting the $100K and beyond, the BTC holders are the smartest, to the Moon!

By buying altcoins with BTC, you can increase the amount of bitcoin in your wallet. I believe that I have very successfully exchanged my BTC for ETH, and now if I sell ethereum, I will get almost 3 times more BTC than it was before. But it is still too early to do this, while the altcoin season continues.

Honestly that is the reason why people are moving to altcoins and selling their bitcoins as well, most people at least. The reality is that bitcoin will not go 10x again, that is not possible from here, that would be over half a million dollars per bitcoin and let's be honest we are not going to reach that anytime soon, I am not saying that bitcoin won't go up, who knows maybe it will be 100k, or even 200k, that would be super high increase, but we all know that during the same period there are altcoins that could increase 10x even higher so that is why people prefer that instead.

It is going to take some time for people to realize the steadier big increase is always in bitcoin and altcoins go up and down a lot more volatile and it is risky, but since we are in a bull market everyone prefers that super high quick profit over what bitcoin can provide.

disconnectme

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Quote from: Cointalk83 on May 06, 2021, 02:59:47 PM

I'm just wondering whether BTC has hit it's peak for this cycle. It's been trading sidesways 55k-60k for the last 2 months
while altcoins have rallied. From historical perspective, for those were in it in 2017, did bitcoin ever regain it's dominance after
altcoin season began. I guess what i'm asking is whether I should liquidate my bitcoin position and chase altcoins or whether
there is more room for BTC to go this year.

Last year, Bitcoin was trading below $10k for a long period of last year until we reached September when the price moved to $30k and then $60k. The price can't go up forever without establishing new floor for the next run. One thing I have learnt in this space is never to bet against BTC, do so at your own peril

KimmyF

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Quote from: ahoenk on May 09, 2021, 04:01:15 PM

We are not in altcoin season yet, its just moving to ethereum and doge and will be back to btc. Probably in Q3 and Q4 we will see another bullish on btc. Then after that we will see altcoin season and many big marketcap going parabolic.

Which top altcoins price are still cheap or didn't break the last ATH? You don't find single altcoins. I think now we're on the top of altcoins season. As you predict, maybe after Q3 or Q4 we will see all of the altcoins season. Low volume or new altcoins season could start after the third quarter as my prediction.

virtualdn

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Quote from: tvplus006 on May 11, 2021, 02:09:22 PM

Quote from: virtualdn on May 11, 2021, 01:18:31 PM

When the shitcoin season ends all money will flow back into BTC, where they belong. Don't be tempted by fast huge gains because the risks are very high.

HODL because this year your gains in BTC will be huge! Hitting the $100K and beyond, the BTC holders are the smartest, to the Moon!

By buying altcoins with BTC, you can increase the amount of bitcoin in your wallet. I believe that I have very successfully exchanged my BTC for ETH, and now if I sell ethereum, I will get almost 3 times more BTC than it was before. But it is still too early to do this, while the altcoin season continues.

It doesn't work every time and there is always a risk involved of losing BTCs.

I'm a BTC HODLer for 9 years so in the long run my earnings are better anyway.

No headaches for me, I prefer to be relaxed instead and keep the green monster named greed away.

BTC will go to $1xx,xxx sooner or later and that will probably be enough for my needs.

tvplus006

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To the Moon

Quote from: virtualdn on May 11, 2021, 01:18:31 PM

When the shitcoin season ends all money will flow back into BTC, where they belong. Don't be tempted by fast huge gains because the risks are very high.

HODL because this year your gains in BTC will be huge! Hitting the $100K and beyond, the BTC holders are the smartest, to the Moon!

By buying altcoins with BTC, you can increase the amount of bitcoin in your wallet. I believe that I have very successfully exchanged my BTC for ETH, and now if I sell ethereum, I will get almost 3 times more BTC than it was before. But it is still too early to do this, while the altcoin season continues.

FanEagle

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Quote from: virtualdn on May 11, 2021, 01:18:31 PM

When the shitcoin season ends all money will flow back into BTC, where they belong. Don't be tempted by fast huge gains because the risks are very high.

HODL because this year your gains in BTC will be huge! Hitting the $100K and beyond, the BTC holders are the smartest, to the Moon!

Yes, you are right. But because of bitcoin is trading stagnant in recent times, people are assuming like money flow is getting deviated from bitcoin into altcoins but if you're looking into bitcoin market movements on daily basis, you can find it is still having good price ranges along with good volume; what else we need to prove that bitcoin is having its own set of traders and investors who are all never looking for any other opportunities outside bitcoin markets.

I believe people will stop this kind of no-base arguments when bitcoin will be testing a new ATH. Because, people always look for a new ATH when bitcoin market is into bullish mode. In some sense I guess we cannot blame such people.

virtualdn

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When the shitcoin season ends all money will flow back into BTC, where they belong. Don't be tempted by fast huge gains because the risks are very high.

HODL because this year your gains in BTC will be huge! Hitting the $100K and beyond, the BTC holders are the smartest, to the Moon!

Refrumatrix

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$CYBERCASH METAVERSE

If I have to judge with Past years rally I'd say the bull cycle is nearing its end because altcoins are now in full action, whenever the bull season is almost over altcoins shows how badass they can become and then bear slowly take over but again there is huge demand for crypto coins today compares to past years, this is why I'm presently at a 50/50 doubt right now

target

legendary

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BTC dominance is decreasing and altcoins rising. Its still healthy market but its causing BTC to resistance like a sell order is bulking and institution's buy orders are filled.

As long as you pick the altcoins thats going to the moon, youre good as sitting on a goldmine. And you could also ride the BTC up when you hold BTC at the same time.

Kasabus

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Quote from: Lizzylove1 on May 09, 2021, 04:04:56 PM

Hold tight your bitcoin and don't be tempted to convert it to altcoins. Just use other money to trade altcoin and ensure to buy good ones and not Hypes that easily fade away.

Always give bitcoin the highest percentage in your portfolio and the rest diversify it with your trusted altcoins. Bitcoin might make another dump in the days to come before it will reach another heights so be careful and more patient in your investment.

Altcoins are in its bullish season these days but you can never be sure if they will suddenly dump and lose your expected profits so never put bitcoin at its high risk. Just invest wisely.

btcltcdigger

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To boldly go where no rabbit has gone before...

Quote from: zasad@ on May 06, 2021, 03:16:38 PM

I would advise you to keep the bitcoins, altcoins and stablecoins in your investment portfolio.
And I would hold some of the Top 30 coins with a 10-year perspective.
I came up with forecasts for bitcoin from 70,000 to 150,000 dollars in this rally, but if you find a coin whose price can rise 3 times or more, then you can invest.

Good advice. Many indicators show that we're about half way through this cycle, and it could go bigger.
Yes, it's been sideways lately, so keep your money in all 3, BTC, alts and stable

Topic: Money flowing out of BTC into Altcoins - page 5. (Read 1685 times)